CADIZ INC (CDZI)
Utilities · Water resource development and management · NASDAQ
Cadiz Inc develops water resources and agricultural assets in California's Mojave region, aiming to supply treated groundwater and sustainable water management solutions to municipal and agricultural customers.
What CADIZ INC does
Cadiz Inc is a land and water resource development company operating in San Bernardino County, California. The company is developing the Mojave Groundwater Bank to supply treated groundwater (up to 50,000 acre-feet annually) to public water agencies and agricultural users. Cadiz holds water supply agreements with multiple public water systems totaling 21,275 acre-feet per year and is engaged in land development and agricultural programs on its properties. The company remains unprofitable as it works through regulatory approvals and construction phases needed to generate significant operating revenues from its water and land development activities.
Themes: water supply infrastructure, groundwater management, water resources development, California water security, sustainable agriculture, regional water distribution
Fundamentals
- Price$3.66 as of 2026-08-21 close
- Market cap$310M as of 2026-08-21
- 1-year return+6.1% 2025-08-21 close $3.45 → 2026-08-21 close $3.66
- P/En/a negative earnings
- Net margin-221.4% as of 2026-08-24
- Gross margin+31.4% as of 2026-08-24
- ROE-130.0% as of 2026-08-24
- Debt / equity5.48 as of 2026-08-24
- Revenue growth (YoY)+31.0% as of 2026-08-24
- Revenue CAGR (3y)+121.5% SEC XBRL
- Beta1.75 as of 2026-08-24
- Last reported earningsn/a no earnings announcement (Form 8-K, Item 2.02) has been filed in our data yet
Dividend: yield +1.7%; pays a dividend.
How CDZI compares in its sector
- net profit marginbottom 10% 71 covered Utilities peers, as of 2026-08-24
- operating marginbottom 10% 71 covered Utilities peers, as of 2026-08-24
- gross marginmiddle range 53 covered Utilities peers, as of 2026-08-24
- return on equitybottom 10% 72 covered Utilities peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 70 covered Utilities peers
- indicated dividend yieldbottom 25% 67 covered Utilities peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)middle range 57 covered Utilities peers, as of FY2025
Position among covered Utilities companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Not assessable from available data. CDZI paid a dividend in FY2025, but coverage cannot be assessed from the available data (non_positive_net_income, non_positive_free_cash_flow).
- Earnings payoutnot assessable earnings were not positive that year
- Free-cash-flow payoutnot assessable free cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How CADIZ INC looks technically
CADIZ INC (CDZI) is trading 23.9% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 69 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 13, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 56, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day high, its first since 2026-07-14, pushing above its recent trading range. It is 47.4% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 23.9% below its 200-day average, the long-term trend line — a long-term downtrend | -23.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $3.62 | $3.62 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $4.81 | $4.81 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 9 calendar days ago — the swings before that are what the structure reading is measured on | 9 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 3.66. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 69 trading days ago — a "death cross", a bearish long-term signal | 69 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 13, below the 25 that marks a real trend) | 12.7 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 56, neither overbought (above 70) nor oversold (below 30) | 56.5 |
|---|---|---|
| Position in its 14-day range | it is trading near the top of its 14-day range ($3.04 to $3.77) — its "stochastic" reading is 86 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 85.5 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 13 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $6.96 | $6.96 |
|---|---|---|
| From the 52-week high | it is 47.4% below its 52-week high (its highest price of the past year) | -47.4% |
| Above the 52-week low | it is 27.7% above its 52-week low (its lowest price of the past year) | +27.8% |
| Below the 52-week high | it is 47.4% below its highest point of the past year | 47.4% |
| Since a 20-day breakout | it just made a new 20-day high, its first since 2026-07-14, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it made a new 55-day low about 18 trading days ago | 18 sessions |
| All-time high | its highest closing price on record is $27.00 (set on 2007-01-29) | $27.00 |
| Given back of the 52-week move | over the past year its closes ranged ($2.98 to $6.92), and it has recovered roughly a quarter of its fall from last year’s high — 17% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $5.41 to $5.54. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 17.3% |
| From the all-time high | it is 86.4% below its all-time high | -86.4% |
| Nearest price level | it is trading 1.2% below a resistance level at $3.70 — a price it turned at four times since 2024-12-18, most recently on 2026-08-12. Since 2024-08-21 it has 5 such levels below the current price and 10 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +1.2% |
| All-time low | its lowest closing price on record is $1.48 (set on 2022-10-19) | $1.48 |
| Above the all-time low | it is 147.3% above its all-time low | +147.3% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 69th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.2354 between its high and its low — about 6.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.2354 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $2.90 and $3.69 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $2.90 – $3.29 – $3.69 |
| Typical daily range (% of price) | its price moves about 6.4% in a typical session — more volatile than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 6.4% |
| Stretch from the 200-day average | it is trading 4.9 daily ranges below its 200-day average price (23.9% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 4.9 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.89× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 3.1% since the prior reading | -3.1% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a doji | 6 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 6 sessions ago |
|---|
Price gaps
2
| Gap at the open | it opened on 2026-08-21 1.4% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +1.4% |
|---|---|---|
| Gap filled | a 3.0% gap down opened on 2026-08-14 has been "filled" 1 session ago — price traded back through the level the gap left behind, and it took 4 sessions to close | 1 session ago |
Price streaks
1
| Closing streak | it has closed higher 4 sessions in a row, a +14.38% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 4 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 7.3 percentage points (the stock gained 9.6% while the market gained 2.3%) | +7.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 15.7 percentage points (the stock lost 12.6% while the market gained 3.1%) | -15.8% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 42.1 percentage points (the stock lost 31.1% while the market gained 11.1%) | -42.1% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 14.4 percentage points (the stock gained 6.1% while the market gained 20.5%) | -14.4% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a fresh 20-day high, MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months, near the top of its 14-day range (overbought), trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 12% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 3.9% of the share price. | -11.5% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 20% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $4.57 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -19.9% |
|---|
Price levels it has turned at before
CDZI last closed at $3.66 on 2026-08-21. Since 2024-08-21 it has turned at 5 prices below its last close and 10 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $3.70 | Resistance | 1.2% above the last close | turned there four times · 2024-12-18 to 2026-08-12 |
| $3.49 | Support | 4.7% below the last close | turned there twice · 2024-08-29 to 2024-09-19 |
| $3.40 | Support | 7.1% below the last close | turned there twice · 2025-05-13 to 2025-09-04 |
| $3.27 | Support | 10.6% below the last close | turned there five times · 2024-10-23 to 2025-08-19 |
| $4.16 | Resistance | 13.5% above the last close | turned there twice · 2025-10-01 to 2026-04-29 |
| $4.46 | Resistance | 21.9% above the last close | turned there three times · 2025-01-08 to 2026-02-05 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $3.66.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $0.3674 and $1.63 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $3.66.
This reading has stood for 3 trading days, since 2026-08-19.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Broke out to a new 20-day high · trendless / choppy (low ADX) · Analyst price target recently CUT · lagging the market | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.33 mean, 1=Strong Buy…5=Strong Sell) — 3 analysts
- Mean price target$10.33 range $6.00 – $15.00; median $10.00
Analyst estimates, as of 2026-08-18. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for CDZI
- Consensus EPS estimate-$0.13 next reporting period, as of 2026-08-18
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Development activities have not generated significant revenues to date and the company may never become profitable if unable to successfully implement water supply and agricultural development programs.","Water supply agreements are subject to financial and regulatory conditions precedent, and regulatory approvals, permits, and litigation from third parties could delay or prevent project implementation.","Variable water supplies, changing water allocation priorities, unforeseen technical difficulties, and ability to complete construction and meet contractual conditions create uncertainty around future operating revenues and project timelines."]
What changed in the latest 10-Q
AI-assisted comparison of CDZI's 10-Q filed 2026-05-14 against the prior one filed 2025-11-13.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-14) adds reference to 'Annual Report on Form 10-K for the year ended December 31, 2025' whereas older filing references 'December 31, 2024'
- Newer filing specifies water rights as '2.5 million acre-feet of permitted water supply' whereas older uses '2.5 million acre-feet of water supply'
- Newer filing adds language about Northern Pipeline capacity: 'The maximum potential capacity of the Northern Pipeline for water conveyance is anticipated to be 25,000 AFY with expected throughput to be between 20,000 – 23,000 AFY'
- Newer filing specifies Southern Pipeline capacity as '120,000 AFY' whereas older states 'We expect the capacity of the Southern Pipeline to be 150,000 AFY'
- Newer filing removes entire paragraph about 2024 agreements with public water systems for purchase of 21,275 AFY present in older filing
- Newer filing removes paragraph about Fenner Gap Mutual Water Company agreements with 40-year term and pricing at approximately $850/AFY
- Newer filing removes paragraph about August 2025 MOU with EPCOR NR Holdings Inc.
- Newer filing removes paragraph about Mojave Water Infrastructure Company (MWI) establishment and investor capital contributions
- Newer filing removes paragraph about non-binding letters of intent and definitive agreement with Lytton Rancheria of California
- Removed:
- Older filing (2025-11-13) language 'maximize value from our land and water resources' changed to 'maximize value from our portfolio of assets' in newer filing
- Older filing statement 'The capacity of the Northern Pipeline for water conveyance is 25,000 AFY' simplified and expanded with throughput expectations in newer filing
- Entire section of older filing describing 2024-2025 water supply agreements, Fenner Gap Mutual Water Company arrangements, EPCOR MOU, MWI entity formation, and Lytton Rancheria loan facility removed from newer filing
- Reworded:
- Risk Factors reference year changed from 2024 to 2025 to match new filing date
- Water supply description changed from '2.5 million acre-feet of water supply' to '2.5 million acre-feet of permitted water supply' to emphasize permitted status
- Northern Pipeline capacity language changed from statement of fact ('is 25,000 AFY') to forward-looking statement ('is anticipated to be 25,000 AFY with expected throughput to be between 20,000 – 23,000 AFY')
- Southern Pipeline capacity expectation reduced from '150,000 AFY' to '120,000 AFY'
- Notes:
- The newer filing text appears truncated at the end of Water Filtration Technology section, ending mid-paragraph after 'The combination of the water supply...'
- The older filing text also appears truncated, ending mid-sentence in the Lytton Rancheria paragraph after 'as the f'
- Page numbers differ between filings (21 vs 23-24), suggesting different document formatting or section ordering
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
- Last 180 days1 buy ($507762) · 1 sell ($10825) — 1 buying, 1 selling insiders
Most recent open-market transaction: 2026-05-26. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about CDZI's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding CDZI as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 5,352,889
- Reported value $26,282,685
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 2 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
CDZI had 8,882,627 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
CDZI had 10.5% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 7.24 days to cover at the same settlement.
- Reported short interest (shares) 8,882,627
- Short interest (% of shares outstanding) 10.5%
- Prior settlement (shares) 9,044,617
- Reported change -1.79%
- Days to cover (reported) 7.24
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- California Water Service Group (CWT)
- American States Water Company (AWR)
- SJW Group (SJW)
- Essential Utilities (WTRG)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare CDZI vs…
Frequently asked questions
What does CADIZ INC (CDZI) do?
Cadiz Inc is a land and water resource development company operating in San Bernardino County, California. The company is developing the Mojave Groundwater Bank to supply treated groundwater (up to 50,000 acre-feet annually) to public water agencies and agricultural users. Cadiz holds water supply agreements with multiple public water systems totaling 21,275 acre-feet per year and is engaged in land development and agricultural programs on its properties.
What sector is CADIZ INC (CDZI) in?
CADIZ INC (CDZI) is classified in the Utilities sector. Its industry is Water resource development and management. It trades on NASDAQ.
Does CDZI pay a dividend?
Yes — CADIZ INC (CDZI) pays a dividend, with an indicated yield of about 1.72% (market data, as of 2026-08-24). Informational only — not financial advice.
Who are CADIZ INC's (CDZI) competitors?
Notable peers of CADIZ INC (CDZI) include California Water Service Group, American States Water Company, SJW Group and Essential Utilities. This peer set is informational only — not financial advice.
Is CADIZ INC (CDZI) overbought or oversold right now?
CADIZ INC (CDZI) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 56, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on CDZI come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.